Making sense of the markets this week: November 13, 2022 Nov 11th

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After major issues with tenants, these Ontario landlords blame their real estate agents - CBC Jul 15th

After major issues with tenants, these Ontario landlords blame their real estate agents  CBC.... More »

Apple's MM1 AI Model Shows a Sleeping Giant Is Waking Up - WIRED Mar 19th

Apple's MM1 AI Model Shows a Sleeping Giant Is Waking Up  WIREDApple Is in Talks to Let Google Gemini Power iPhone AI Features  BloombergAlphabet Stock Is Soaring Today: Is It a Buy on Potential Apple News?  Yahoo FinanceImpact of Google and Apple's rumored AI partnersh.... More »

StatCan latest wealth survey shows stark disparity between homeowners, renters - CTV News Oct 29th

StatCan latest wealth survey shows stark disparity between homeowners, renters  CTV NewsView Full Coverage on Google News.... More »
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Canadians spending less on gifts (and donations) for the 2023 holiday season + MORE Nov 10th

The holiday season is coming, and it’s not looking very merry, money-wise. Canadians are facing a bundle of financial pressures, including inflation, high interest rates, mounting personal debt and lingering fears of a recession. No doubt, life in Canada is getting more expensive. And as retailers.... More »

Doug Ford stripped school trustees of their power. Whether that's a good or bad thing depends on who you ask Jul 11th

On the last day of school last month, the Ontario government took control of four school boards, including the Toronto District School Board and the Toronto Catholic board, accusing them of financial mismanagement for continuing to run deficits or failing….... More »
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.

Cooling inflation leads to red-hot day for the markets

Part of being neighbours with the most powerful country in the world is that sometimes their news tends to get reported with a louder megaphone than our own—even in our own backyard.

That was certainly the case in business news this week as the U.S. consumer price index (CPI) data was released. October’s year-over-year inflation came in below expectations at 7.7%, which is down from 8.2% in September. The S&P 500 shot up 5.5% in response, the 15th-largest daily gain for the index since 1950. 

The TSX also rose that day, up a strong 3.3%. Expectations of a 0.75% rate increase at the next U.S. Federal Reserve funds meetings decreased as traders started to lean towards only a 0.5% increase. The drastic movement we saw in the markets around the world illustrates just how important U…

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